YOUR COMPANY IS LOOKING FOR WORKING CAPITAL FINANCE!
BUSINESS CASH FLOW PROBLEMS - SOLVED!
You've arrived at the right address! Welcome to 7 Park Avenue Financial
Financing & Cash flow are the most significant issues facing business today.
ARE YOU UNAWARE OR DISSATISFIED WITH YOUR CURRENT BUSINESS FINANCING OPTIONS?
CALL NOW - DIRECT LINE - 416 319 5769 - Let's talk or arrange a meeting to discuss your needs
EMAIL - sprokop@7parkavenuefinancial.com
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Cash flow and working capital needs are often ' timeless' in small business. But when exactly is the best time to assess business financing services and solutions. It's almost... always. Let's dig in.
THE SEARCH FOR CANADIAN BUSINESS FINANCING SOLUTIONS THAT ADDRESS YOUR NEEDS
Financing needs, of course, vary by industry and type of business, but if your business requires the means to both manage and accelerate cash flow, help is often around the corner when it comes to a business loan. It isn't easy sometimes to find that corner!
SALES VERSUS PROFIT? WHAT'S MORE IMPORTANT TO YOUR BUSINESS?
The greatest irony in business or at least one of those ironies is the whole concept of sales and profit vs. cash flow performance. Cash flow almost always lags. But can the owner/manager source the tools to solve the problem? Top experts in Canada, in fact, tell us that working capital solutions are, in fact, the 2nd most priority for owners/entrepreneurs. (Sales and Mktg. were first)
ACCOUNTS RECEIVABLE FINANCING SOLUTIONS DELIVER ON WORKING CAPITAL NEEDS
In some circumstances, the gross margin and profit amount relate directly to the type of financing you can either achieve or handle. A concrete example of this might be RECEIVABLE FINANCING, i.e. managing the 2nd most liquid asset on your books next to cash. While A/R finance provides unlimited working capital, your firm must have the gross margins to absorb the additional costs that come with that financing service.
UTILIZE ALTERNATIVE FINANCE OPTIONS WHEN TRADITIONAL FINANCING IS NOT AVAILABLE
Although many businesses operate in seasonal industries, it’s crucial for the owner /manager to secure traditional or alternative financing. Companies are forced to consider those ' alternative ' options when Canadian chartered bank financing is either ' unavailable’... or ' not enough.'
ASSET TURNOVER IS KEY TO BUSINESS SUCCESS
Many business owners and even their financial managers don't realize that simply managing current assets better and effectively ' monetizing ' them allows the company to avoid taking on more debt or raising equity via some source.
LOOKING TO BRING SOME POSITIVE CASH FLOW TO THE BALANCE SHEET?
MAKE SURE TO CHECK OUT THESE SOLUTIONS HERE AT 7 PARK AVENUE FINANCIAL
What are those ' ASSET MONETIZATION' tools and business financing services? They include:
Bank lines of credit (low cost/flexible/more difficult to attain)
A/R Finance - cash flowing your receivables as soon as sales are generated to the extent you need cash
Inventory Finance - Particularly suited to retailers and manufacturers and distributors
Tax Credits - Cash flowing Govt SR&ED Credits
ABL'S - (Non-bank Asset-based lines of credit that bundle all your current
Assets into one borrowing facility
Purchase Order/Supply Chain Finance - the ability to fund larger orders or contracts where financing otherwise might not be available
Businesses in the SME (small to medium enterprise) commercial area tend to ' struggle' more with business financing challenges. Naturally, that slows down their desires to grow dramatically, take on new products and services, or buy a competitor.
CASH FLOW PROJECTIONS ARE KEY
The ability to understand your cash flow needs, whether monthly, quarterly or annually, will almost always benefit ownership/management. Current studies by experts suggest that over 60% of businesses prepare cash flow forecast needs. Your cash flow statement, a key part of your business financial statements, will show you the effects of your business operations when it comes to using capital and borrowing capital.
CONCLUSION
So kudos to that man or woman that coined the ' CASH IS KING' phrase comes to small businesses in Canada. If you are looking to grow your business and access business cash, and if you want to become more ' literate ' to business financing services that can alter your financial success, seek out and speak to a trusted, credible and experienced Canadian business financing advisor. Find out ' what’s up ' with working capital finance solutions that can help change your company's future success positively.
Click here for the business finance track record of 7 Park Avenue Financial.
Stan Prokop
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